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Feb 20, 2013
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losing their jobs from the military and i wonder if those people standing behind them are from the pentagon. i don't want anybody to lose their job. but it is interesting that the comments did focus on the members of military. >> brian: $85 billion and $1.2 trillion in the next ten years and half of that money comes out the have the pentagon. i think republicans agreed with it but this is thrust postpone us. it was over a year we knew about at the questions terrify. why weren't we negotiating through december and then you have january and here we are couple weeks away and the president is going with this shame attack followed by speaker boehner, your solution to get us to raise taxes after we agreed to raise taxes. now, they say the rich have to pay their fair share again. maybe we should focus on facebook who paid no money in taxes last year or g.e. who did exactly the same thing. >> gretchen: it works last time. shaming the republicans worked. they decided to raise taxes and in the public image and public opinion it worked last time to blame reopens. why wouldn't you try it again? a lot o
losing their jobs from the military and i wonder if those people standing behind them are from the pentagon. i don't want anybody to lose their job. but it is interesting that the comments did focus on the members of military. >> brian: $85 billion and $1.2 trillion in the next ten years and half of that money comes out the have the pentagon. i think republicans agreed with it but this is thrust postpone us. it was over a year we knew about at the questions terrify. why weren't we...
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Feb 20, 2013
02/13
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they're concerned what happens to the pentagon under sequestration because it goes across the board, they can't kill one program, every department, every subset has to feel the pain and so they're cautious on this point, but really, when you talk to them and you get them to say. and give them a choice between what the president is pitching and done in an unpleasant way they'd still rather have the cuts. >> he talks about, stu, look, we can avoid the cuts if we come up with a balanced program and all i'm asking for from the republicans is reasonable tax reform. that's it. we'll close a couple of loopholes, only the rich will feel that and the republicans are so married to the rich that they can't even save the lives of human beings and the jobs of first responders because they're so opposed to tax reform and the journal has questions about his definition of tax reform. your thoughts on that. >> yes, he has changed what tax reform means. tax reform, to the republicans, up until the last election. tax reform was, lower tax rates. get rid of some deductions, raise more revenue for the tr
they're concerned what happens to the pentagon under sequestration because it goes across the board, they can't kill one program, every department, every subset has to feel the pain and so they're cautious on this point, but really, when you talk to them and you get them to say. and give them a choice between what the president is pitching and done in an unpleasant way they'd still rather have the cuts. >> he talks about, stu, look, we can avoid the cuts if we come up with a balanced...
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Feb 20, 2013
02/13
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as late as september the pentagon was saying they were still trying to understand what the law was. in december they hadn't started. just a few weeks ago they start coming out now with all these dooms day scenarios. the reality is that the president could have stopped it. the house of representatives has passed not one, but two bills that would have stopped it. the senate has done nothing. martha, when the president talks about a balanced budget, most americans think what he means we balance the amount of money coming in with the amount of money coming out. martha: right. >> that is not what the president talks about with balance. martha: that is interesting, jay carney quoted alan simpson but the other thing he did not quote that alan simpson said, if this president does not get serious about deficit reduction, including taking on medicare and social security and reforming those entitlement programs, that he will have a failed presidency. do you think that is a message republicans have done a good job getting across? >> well, martha, i think that it is very difficult sometimes when
as late as september the pentagon was saying they were still trying to understand what the law was. in december they hadn't started. just a few weeks ago they start coming out now with all these dooms day scenarios. the reality is that the president could have stopped it. the house of representatives has passed not one, but two bills that would have stopped it. the senate has done nothing. martha, when the president talks about a balanced budget, most americans think what he means we balance...
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Feb 20, 2013
02/13
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. $1.2 trillion cut across the board in domestic programs everything gets whacked, and out of the pentagon. it doesn't matter if it's stuff that is working. just everything would get cut. president obama yesterday in the south court auditorium with a group of first responders from all around the country in uniform standing in back of him said these are some of the people who are going to lose their jobs. >> obama: these cuts are not smart, they are not fair they will hurt our economy, and add hundreds of thousands of americans to the unemployment rolls. >> bill: and the president pointed out this is not selective. this is sledge hammer. >> obama: congress allows this meat cleaver approach to take place it will jeopardize our military readiness. it will eviscerate jobs. >> bill: and the president said when congress adopted this, it was so bad right, that never, never, never would anybody ever believe that congress would go along with this. >> obama: the whole design of his arbitrary cuts was to make them so unattractive and unappealing the democrats and republicans would get together and fi
. $1.2 trillion cut across the board in domestic programs everything gets whacked, and out of the pentagon. it doesn't matter if it's stuff that is working. just everything would get cut. president obama yesterday in the south court auditorium with a group of first responders from all around the country in uniform standing in back of him said these are some of the people who are going to lose their jobs. >> obama: these cuts are not smart, they are not fair they will hurt our economy, and...
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Feb 20, 2013
02/13
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they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would
they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense,...
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Feb 20, 2013
02/13
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the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. cnbc's jackie deangelis is at the new york stock exchange. good morning. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week used the same software to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were hacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. google its stock price topping $800 a share yesterday. natalie? >> all right. jackie at the new york stock exchange, thank you. >>> the vice president is generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. he gave frank advice on self-defense. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >>
the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. cnbc's jackie deangelis is at the new york stock exchange. good morning. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week used the same software to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep...